The report titled “Enteral Feeding Devices Market- Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the overall enteral feeding devices market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type of products, and different geographies. Enteral access allows the short- and long-term delivery of nutrients and medications into the GI tract of patients who cannot maintain their needs with oral intake. Enteral nutrition is the preferred means of nutrient delivery for patients with intact and functional GI tracts because it is associated with better clinical outcomes relative to parenteral nutrition, including a lower rate of sepsis. The key factors assisting the growth of enteral feeding devices market are rising geriatric population base, mounting prevalence of diseases such as diabetes, diarrhea, chronic pancreatitis and other gastrointestinal diseases along with high incidences of premature births.

For the purpose of this study, the global enteral feeding devices market is segmented on the basis of product type into giving set, enteral feeding pump, percutaneous endoscopic gastrostomy device, low profile gastrostomy device, nasogastric tube, gastrostomy tube. Market size estimates and forecast for these segments for the period 2019 to 2029 are provided in terms of USD Mn along with the respective compounded annual growth rates (CAGRs) for the period 2021 to 2029, considering 2020 as the base year.

The geographical segmentation of enteral feeding devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries. Market size and forecast for these segments during 2019 to 2029 and their CAGRs for the period 2021 to 2029 are provided in this report.

The enteral feeding devices market is observed as the most diversified and competitive market comprising large number of players.  The market is dominated by several players, depending on their major competencies. The key players in this market are ConMed Corporation, Frensenius Kabi, Medtronic, Boston Scientific Corporation, C.R. Bard, Moog Inc., Cook Medical, Nestle Inc., Amsino International Inc., Abbott Nutrition, Kimberly-Clark, Danone Medical Nutrition, and Others.

In year 2020, enteral feeding pump dominated the overall market in terms of revenue share and accounted 62.1% mainly due to its high market penetration accompanied with high usage rate. In addition, market penetration of enteral feeding pump in emerging economies from Asia-Pacific and Latin America contributes to its large revenue shares. The other factors capable of assisting the market growth of enetral feeding pump in the near future are rising geriatric population and increasing cases of premature births, and growing demand for enteral feeding pump. Market experts suggest that post market entry of more sophisticated and technologically-advanced enteral feeds and devices develop, the overall market will experience a shift from parenteral to enteral nutrition and will boost the market penetration levels in hospitals and especially in the homecare segment. Thus, rising public awareness about the valuable role of enteral clinical nutrition in disease treatment and prevention, along with the condition of enhanced and consistently high-quality clinical data, will assist the market expansion by 2029.  

In base year 2020, Europe accounted the largest market share of 33.8% due to presence of rising prevalence of chronic diseases in geriatric population, sophisticated and accessible healthcare infrastructure, high patient awareness, organized insurance facilities and incessant R&D activities are carried out specific to development of feeding devices. Europe enteral feeding devices market remained impervious by economic downturn in European countries mainly due to life saving applications of these devices and aging population with the need for enteral feeding devices. In addition, rising cases of premature child births assisted the need for enteral feeding devices in infant critical care, thus, driving the overall market in Europe. The regulatory factors have also affected the enetral feeding devices market such as implementation of ISO standards for small bore connector possessed strong impact on enteral feeding devices industry. Introduction of these new standards from ISO are expected to increase the average selling prices of enteral feeding devices in the near future. Asia-Pacific was observed as the fastest growing market and expected to outgrow Europe market by end of the forecast period due to key driving factors such as presence of high unmet medical needs and swiftly developing healthcare infrastructure, mounting patient awareness and high disposable income levels.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Enteral Feeding Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Enteral Feeding Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Enteral Feeding Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Enteral Feeding Devices market?
• Which is the largest regional market for Enteral Feeding Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Enteral Feeding Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Enteral Feeding Devices market worldwide?